Jackrabbit Equipment Inc. and Exact Corporation have announced a merger, forming a comprehensive solutions provider for the permanent crop industry. The merged entity combines Jackrabbit’s long-standing history of product excellence with Exact’s innovative product portfolio, creating a full-service offering to better serve the needs of modern agricultural operations.
Jackrabbit is a portfolio company of West Des Moines, Iowa-based private equity firm Midwest Growth Partners. Founded in 1981 and based in Ripon, CA, Jackrabbit specializes in manufacturing durable, reliable nut harvesting equipment and continues to lead the industry with its commitment to quality and service.
Exact, founded in 2003 and based in Modesto, CA, offers a comprehensive suite of innovative harvesting products focused on productivity and sustainability, supporting growers in optimizing yield and minimizing environmental impact. Both companies have long histories of excellence, serving a broad range of clients across the agricultural spectrum.
The merger will enhance the combined company’s ability to offer customers a more integrated suite of products and services, enabling farmers to achieve greater efficiency and scalability in their operations. By combining their resources and expertise, the companies aim to lead the way in improving the farmer’s experience within the nut harvesting industry.
Doug Flora, the current CEO of Exact, will serve as CEO of the newly merged entity. Under Flora’s leadership, the company plans to invest in product innovation, customer support, and strategic partnerships to drive growth in both domestic and international markets. “This merger represents a significant milestone in our mission to deliver innovative, high-quality solutions to the agriculture community. By joining forces, we are in a stronger position to provide even more value to our customers, ensuring they have the tools and technology they need to succeed in an increasingly competitive environment,” said Doug Flora.
Joe Greving, Co-Founder & Partner at Midwest Growth Partners, said, “We are thrilled to bring together two exceptional companies in Jackrabbit and Exact. This merger aligns with our investment strategy of supporting businesses that have a strong market position and a clear path for growth. The combination of these two companies will create a leader in the permanent crop industry, and we look forward to supporting their continued success.”
The merged company will continue to market products using the Jackrabbit and Exact brand names for the immediate future, ensuring a seamless transition for customers and partners.